Anthony Scaramucci Applauds Trump's Crypto Moves—Not His Tariffs

The US is experiencing a revolution in the crypto industry and regulations, as Donald Trump crypto policies shake the country. However, there have been many critiques of his economic policies and actions.

Despite the U.S. being known for its role in the economic and financial system of the world, it has been lagging in the evolving landscape of cryptocurrency. However, this narrative is quickly changing, with the country now experiencing a revolution in crypto and regulations.

Former President Donald Trump has been a key driver of this shift, introducing policies that are largely pro-crypto, in stark contrast to his predecessor. This shift has been a topic of great interest and discussion, especially considering the criticisms that Trump’s economic policies have faced throughout his presidency.

Many have called Trump’s efforts an intended deregulation of crypto and the economic system. This is because Trump and his family have been investing in various crypto endeavors, igniting the fears of market manipulation.

Additionally, many have warned about the possibility of corruption, as major crypto companies have donated to Trump’s campaign before. Among the critics, Anthony Scaramucci has also been voicing his concerns, yet he has also applauded Trump’s pro-crypto moves.

Scaramucci Applauds Trump’s Crypto Moves—Not His Tariffs

Anthony Scaramucci, the founder of investment firm SkyBridge Capital, has had some mixed opinions on Donald Trump. While he has been critical of the former president’s actions and policies, he has also shown appreciation for Trump’s efforts in shifting government policies towards a more crypto-friendly stance.

This shift was evident during Trump’s presidency, which saw the introduction of several measures focused on cryptocurrency. These included the creation of a U.S. Strategic Bitcoin Reserve and the potential inclusion of crypto in a future economic recovery bill.

Scaramucci previously held the position of White House Communications Director in Trump’s administration. However, since then, he has become increasingly vocal in his criticism of Trump’s administration, particularly focusing on the former president’s implementation of tariffs and his approach to growing the American economy.

Scaramucci believes that Trump’s tariffs have done immense damage to the U.S. economy. In another X post, he also said that “We are heading into a nightmare without a night watchman.” Additionally, he also commented on the loss of Wisconsin by the GOP and called the tariffs against Canada “baseless and counterproductive”. He also warned that the Republicans and Trump are losing control and should sooner change their policies.

“Wisconsin was a Dem landslide, warning lights are on for GOP in the midterms, patriotic Republican senators are pushing back on baseless and counterproductive tariffs against Canada. Trump needs to course correct on tariff strategy or risk losing control of the car.”

He had also criticised Trump before, as he gave his opinion on the TRUMP memecoin. Based on his statements, the TRUMP memecoin is a Idi Amin-level corruption”, also calling it a “mirage” for the cryptocurrency industry’s hopes.

“President Trump posted on Truth Social last night in an attempt to ‘pump’ his $TRUMP memecoin (yes that’s a real sentence that many have normalised). The result has been an acceleration of the ‘dump,’ now down 70% from its peak. The jig is up.”

However, Scaramucci has also acknowledged Trump’s advocacy for crypto in his presidential campaign, stating, “I will applaud him for coming towards the industry.”

Despite this, during the most recent election, Scaramucci stated that he did not vote for Trump just because of crypto friendliness. He expanded and brought up the risks of Trump’s presidency as to why he would not vote republican.

In the same X post, which was published on July 28 2024, Anthony Scaramucci also clarifies that he is Pro-crypto. “I am a bitcoiner, and I applaud the policy decisions that the republicans are making to help the industry. I agree with every single thing that Pres Trump said related to bitcoin.” After the election and Trump’s executive order on strategic Bitcoin reserve, Scaramucci voiced his support of this decision. “We believe in a United States Strategic #Bitcoin Reserve not because it will help Bitcoin, but because it will help the United States.”